latest news releases from the newsroom
Leisure Direct Inc.
Leisure Direct, Inc. Announces Acquisition Letter of Intent
PERRYSBURG, Ohio, May 31, 2005 (PRIMEZONE) -- Leisure Direct, Inc. (OTCBB:LDTI) today announced that it has executed a Letter of Intent to purchase a spa manufacturer located in the mid-west. The target company had sales of approximately $11.2 million in 2004, and EBITDA of approximately $1.4 million. The target company sells spas through it wholly owned stores, and a dealer network. The target company also sells spas in Europe and South America. LDI's Chairman & CEO John Ayling stated that, "This acquisition would propel our strategy, which is to acquire additional product lines and distribution points in our primary market, the backyard and home leisure market. As we acquire additional companies, our financial performance will continue to expand." LDI has initiated its due diligence of the target company, and expects the negotiations of a Purchase Agreement shortly. This transaction would provide LDI with a positive boost to sales and earnings. The acquisition would also give the company an immediate presence overseas.
Megola Answers Shareholder Inquiries Regarding ScaleGuard Technology
CORUNNA, Ontario, May 31, 2005 (PRIMEZONE) -- Megola Inc. (OTCBB:MGOA), a leading environmental solution provider in physical water treatment, microbiological control, wastewater treatment and air purification, released a statement today in response to shareholder inquiries regarding the ScaleGuard technology and it's competition.
Royal Vegas Poker
Royal Vegas Poker Host, Lou Krieger, to Pen Articles for Bluff Magazine, 5th Street and The Nevada Sunday
NEW YORK, May 31, 2005 (PRIMEZONE) -- Lou Krieger, best selling author, professional poker player and host of Royal Vegas Poker (http://www.RoyalVegasPoker.com), will contribute articles to Bluff Magazine, 5th Street and The Nevada Sunday, effective immediately. Each publication is targeted to poker players of various skill levels and in different geographic regions.
Gasel Transportation Lines, Inc.
Gasel Transportation Lines, Inc. Reports First Quarter 2005 Financial Results
MARIETTA, Ohio, May 31, 2005 (PRIMEZONE) -- Gasel Transportations Lines, Inc. (OTCBB:GSEL) announced results for fiscal Q1, 2005. The financial results include the following highlights: for the three months ended March 31, 2004, freight income revenue totaled $3,461,880 and training school revenue was $178,385 for combined revenue of $3,640,265, representing a 3.41% decline from prior year combined revenue of $3,768,796. Management attributes this slight decline to a decrease in the number of trucks that the Company was operating, as compared to the same period last year. The fleet reduction was a strategic action taken to shed excessive operating costs, decrease debt, and improve driver retention.
Sounds 24-7, Inc.
Sounds 24-7 to Open Christian Retail Store Online
SCOTTSDALE, Ariz., May 31, 2005 (PRIMEZONE) -- Sounds 24-7 (Pink Sheets:SDSX) has set June 1, 2005 as the opening day for GospelPlus247.com. The new online store is in response to demand from a vast Christian market for a one-stop site at which music, videos, books and gifts can be purchased online.